Harvey Weinstein’s Rise and Fall: Here’s How Disgraced Hollywood Movie Mogul’s Fortune Plunged to Just $25 Million
As Harvey Weinstein prepares to face another costly trial, financial experts have disclosed that the estimated net worth of the ex-film producer and convicted sex offender has plummeted to less than a tenth of his previous $300 million wealth.
After the court overturned his rape conviction, Weinstein was moved from his upstate prison to Rikers Island jail. Recently, he was taken to Bellevue Hospital for a “series of tests.”
Despite spending decades in Hollywood, the 72-year-old movie mogul still has tens of millions of dollars. However, his net worth has significantly dropped due to his company’s bankruptcy, legal bills, divorces, and over $40 million in class-action settlements.
Before the accusations of rape and sexual assault in 2017, CelebrityNetWorth.com estimated Weinstein’s net worth at around $300 million. He owned multiple properties and The Weinstein Company, which had movie assets worth over $500 million. However, the company collapsed and declared bankruptcy in 2018 after his arrest and conviction.
Renowned publications started reporting abuses faced by Hollywood actresses, leading to Weinstein’s downfall. Financial expert Jack Cohen estimated his current net worth to be around $25 million, a massive drop from his peak worth of $240-300 million.
Weinstein settled divorce cases with his first and second wives, paying significant amounts. He sold his properties for roughly $62 million between 2017 and 2019, including his Hamptons home and Los Angeles house.
His legal bills since 2017 have likely exceeded tens of millions of dollars. Weinstein’s 2020 rape conviction was overturned, and he is scheduled to appear in Manhattan Supreme Court on May 1.